BEML Limited

BEML Harmonic Setup: Breakout Above Resistance & Fib Projection

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BEML has triggered a strong breakout above a key resistance trendline, supported by a recent pocket pivot. The chart highlights an advanced harmonic pattern with clear A-B-C-D structure, aligning with Fibonacci projection levels at 5,250 and 5,566. Watch for sustained momentum above moving averages and monitor price action near the 1.141 and 1.272 fib extensions for further target validation. The confluence of technical signals suggests strong upside potential if levels hold, with recent volume and pivot activity adding conviction to the move.

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